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SG Corp. Q3 profit climbs YOY

SG Corp. said its third-quarter normalized net income came to 20.51 South Korean won per share, an increase from 6.39 won per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 4.15 billion won, an increase from 1.37 billion won in the prior-year period.

The normalized profit margin rose to 4.0% from 1.4% in the year-earlier period.

Total revenue climbed on an annual basis to 103.29 billion won from 98.57 billion won, and total operating expenses totaled 95.90 billion won, compared with 96.13 billion won in the year-earlier period.

Reported net income increased on an annual basis to 5.16 billion won, or 25.48 won per share, from 1.51 billion won, or 7.00 won per share.

As of Nov. 16, US$1 was equivalent to 1,172.80 South Korean won.